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This book is the basic premise of the author that the theory of financial management is valuable to practitioners more for its insights and qualitative guidance than for use in generating quantitative answers to specific questions. Among all the topics special emphasis was placed on: optimal capital stracture, optimal portfolio selection, bonds duration and convexity, foreign currency equilibrium and cross rates, and risk.
This book is the basic premise of the author that the theory of financial management is valuable to practitioners more for its insights and qualitative guidance than for use in generating quantitative answers to specific questions. Among all the topics special emphasis was placed on: optimal capital stracture, optimal portfolio selection, bonds duration and convexity, foreign currency equilibrium and cross rates, and risk.
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